inTEST (INTT) Downgraded by Zacks Investment Research
inTEST (NYSEAMERICAN:INTT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “InTEST Corporation is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products, which are used by semiconductor manufacturers to perform final testing of integrated circuits and wafers. The Company’s high-performance products are designed to enable semiconductor manufacturers to improve the speed, reliability, efficiency and profitability of IC test processes. Specific products include positioner and docking hardware products, temperature management systems and customized interface solutions. The Company has established strong relationships with semiconductor manufacturers globally, which it supports through a network of local offices. “
Separately, Dougherty & Co started coverage on shares of inTEST in a report on Friday, October 6th. They issued a “buy” rating and a $11.00 price objective for the company.
Several institutional investors have recently bought and sold shares of INTT. LSV Asset Management grew its stake in shares of inTEST by 32.3% in the 2nd quarter. LSV Asset Management now owns 92,500 shares of the semiconductor company’s stock valued at $619,000 after buying an additional 22,600 shares during the period. Northern Trust Corp grew its stake in shares of inTEST by 45.5% in the 2nd quarter. Northern Trust Corp now owns 27,572 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 8,620 shares during the period. Vanguard Group Inc. grew its stake in shares of inTEST by 14.4% in the 2nd quarter. Vanguard Group Inc. now owns 132,788 shares of the semiconductor company’s stock valued at $890,000 after buying an additional 16,716 shares during the period. EAM Investors LLC purchased a new position in shares of inTEST during the 2nd quarter worth approximately $450,000. Finally, Virtu KCG Holdings LLC purchased a new position in shares of inTEST during the 2nd quarter worth approximately $301,000.
inTEST Corporation is an independent designer, manufacturer and marketer of thermal, mechanical and electrical products that are used by semiconductor manufacturers in conjunction with automated test equipment (ATE), in the testing of integrated circuit (ICs). The Company operates through three segments: Thermal Products, Mechanical Products and Electrical Products.
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